26 March 2021
Annual Report 2020
Weathering the storm of 2020
Despite the significant impact of the COVID-19 pandemic, our Group delivered an improved consolidated EBITDA of DKK 57.4bn (USD 8.8bn) in 2020, compared to DKK 42.2bn (USD 6.3bn) in 2019. We thank our colleagues for their relentless efforts and contributions to support society during a very difficult year. We also welcome our new Group member, the Faerch Group, which is developing sustainable food packaging as part of a circular economy.
News from the A.P. Moller Group
Letter from the CEO
In connection with the publication of A.P. Moller Holding’s Annual Report 2025, our CEO, Robert M. Uggla shares his reflections on last year’s activities and highlights from across the A.P. Moller Group.
Annual Report 2025
A.P. Moller Holding delivered satisfactory results in 2025
A.P. Moller Holding leads the $60 million Series C equity financing in Upway
Upway is a leading e-commerce platform for buying refurbished e-bikes, driving the transition to sustainable urban mobility.
“We are excited to support Upway on its journey to revolutionize the global market for refurbished e-bikes. Upway’s ability to industrialize second-hand e-bike refurbishment and deliver the highest level of customer trust globally truly sets them apart. Today’s investment also reflects our confidence in Upway’s sustainable and scalable business model that aligns with our commitment to sustainable, long-term growth,” said Chetan Mehta, Head of Growth Equity at A.P. Moller Holding.